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Unformatted text preview: Securities. (f) A bond that matures in 10 years was purchased. The company is investing money set aside for an expansion project planned 10 years from now. (3) Held-to-Maturity Securities. Review definitions on Pages 837 and 845 Held-to-Maturity Securities – Debt securities that the enterprise has the positive intent and ability to hold to maturity. Trading Securities – Debt securities; holdings of less than 20% of VOTING equity securities; and all NON-VOTING equity securities purchased and held primarily for sale in the near term to generate income on short-term price differences. Available-for-Sale Securities – Debt securities not classified as held-to-maturity or trading securities; holding of less than 20% of VOTING equity securities and all NON-VOTING equity securities not classified as trading securities....
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This note was uploaded on 06/05/2011 for the course ACCT 323 taught by Professor Eubanks during the Spring '11 term at Athens University of Econ and Bus.
- Spring '11